Latest Brazil News
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Ricard Rocha Recife is wonderful
Brazil had suffered their first ever FIFA World Cup(TM) qualifying defeat when going down 2-0 to Bolivia in La Paz and, on 22 August, Parreira's charges were roundly booed at the Morumbi in Sao Paulo, despite a 2-0 win over Ecuador. We are, after all, talking about a nation grown used to footballing success but, at the time, without a FIFA World Cup win since Mexico 1970. "And then, ...
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Brazilian TAM Airlines appoints Claudia Sender as new CEO
Claudia Sender appointed CEO of TAM Airlines The CEO of the holding company - TAM S.A - Marco Antonio Bologna, who had accumulated the position, announced Sender's appointment on 23 May. Sender currently serves as the airline's vice president of the Brazil Domestic Business Unit So Paulo, 24 May 2013 - Claudia Sender, previously vice-president of the Brazil Domestic Business Unit of ...
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Brazils CPFL Renovveis revives IPO plans as market gains steam
SAO PAULO | Fri May 24, 2013 7:20am EDT SAO PAULO May 24 (Reuters) - CPFL Energias Renovveis SA, the alternative energy unit of Brazilian utility CPFL Energia SA , revived plans for an initial public offering, seven months after scrapping them on concern of growing government meddling in the electricity sector. The Sao Paulo-based company said late on Thursday it asked regulators to ...
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Brazil consumer confidence index falls in May - FGV
SAO PAULO | Fri May 24, 2013 7:17am EDT SAO PAULO May 24 (Reuters) - An index that measures consumer confidence in Brazil fell to a reding of 113.4 in May from 113.9 in April, research group Fundao Getulio Vargas said on ...
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Brazil – Labor market continued to lose some of its buoyancy in April
In Brazil, the unemployment rate remained unchanged but real wages continued to moderate due to inflation. At the same time, another tax cut in a key component of CPI was announced (this time on public transport), in line with the trend to use tax cuts to try to contain inflation. In Mexico, headline inflation surprised to the upside, but core inflation remains anchored, supporting our call for ...
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Lessons China and Brazil Can Teach Each Other
"Brazil in essence needs to become more like China, with its investment growth, and China needs to learn from Brazil in how to support consumer spending," said Capital Economics' chief emerging markets economist, Neil Shearing, in a ...
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Fire at giant fuel depot in Brazil leaves one dead amid scene of devastation
Six giant fuel containers at the storage site caught fire, sending giant flames up to 50 meters (165 feet) leaping into the air and columns of thick smoke far into the sky that could be seen miles ...
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Petrobras pays interest on own capital
Petrobras announces that on May 27th, 2013 it will be paying the 2nd installment of remuneration to shareholders related to the 2012 fiscal year. The third and last installment will be paid on August 30th, 2013. Both payments will be made in the form of Interest on Own Capital (IOC), based on the shares held on April 29th, ...
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Petrobras completes drilling and testing well in Transfer of Rights area
Premium Members Paying subscribers to OilVoice will benefit from unrestricted access to; » Who's Who database » Company database » Well database » News ...
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Petrobras issues US$ 11 billion in Global Notes
The transaction, priced on May 13th, was comprised by fixed rate notes due 2016, 2019, 2023 and 2043 and floating rate notes due 2016 and 2019. The transaction was executed in one day, with a demand of approximately US$ 42 billion as a result of more than 2,000 ...
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Brazil delays mining bill to reach Congress in June
- Brazil's government plans to submit its mining reform bill to Congress in June rather than this month, energy minister Edison Lobao said on Thursday, prolonging a wait that is slowing investment in mineral ...
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South America re-election rash Ecuador’s Correa takes office for the third consecutive time
Ecuadorean president Rafael Correa will be inaugurated on Friday for his third consecutive mandate, something which Venezuela’s Hugo Chavez just managed before his death, and something which Bolivia’s Evo Morales ...
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Brazil’s Rousseff one of the main speakers at the African Union 50 year celebration
Brazilian president Dilma Rousseff will be attending next Saturday in Ethiopia the fiftieth celebration of the African Unions Organization that preceded the African Union, (AU) and will be one of the main speakers on the opening ...
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Argentina and Brazil jointly developing satellites for South Atlantic research
Argentina and Brazil will be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years, according to Brazil’s Science and Technology minister Antonio ...
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Petrobras will continue to operate in Argentina but may sell some assets
Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster ...
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Drug trafficker in Rio challenge authorities and the pacifying campaign in favelas
Drug traffickers in Rio de Janeiro ordered shops closed in one of its biggest slums, defying efforts to restore order to the city's vast shantytowns and renewing safety concerns in Brazil as it prepares to host the World Cup and ...
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Paraguay seizes 25.6 tons of marijuana
Paraguay's anti-drug police on Thursday said they have seized and burned 25.6 tons of marijuana in the eastern department of Alto Parana, local media reported. The police said 20 tons of marijuana were found chopped while 5.6 tons were pressed, according to reports from Asuncion, capital of Paraguay. They also found 12 drug pressers. The operation was held in Itakyry district, 435 km east ...
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One killed in Brazil fuel depot blaze
(54 mins ago) One person was killed in a fire that broke out in a fuel depot on the northern edge of Rio de Janeiro on Brazil and spread to nearby homes, officials said. Six giant fuel containers at the storage site caught fire, sending flames up to 50 meters leaping into the air and columns of thick smoke far into the sky that could be seen miles away. The victim was a 43 year-old man who ...
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Barcelona make final Neymar offer
RIO DE JANEIRO, May 23 (Xinhua) -- Barcelona has reportedly made a final offer of 23 million euros to sign Brazil international striker Neymar during the European summer transfer window. The Catalan club's football director Raul Sanllehi returned to Spain on Thursday after a week of negotiations ...
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UPDATE 4-Brazil to auction its biggest-ever oil find in October
Thu May 23, 2013 9:27pm EDT * Production-sharing auction to be 1st under 2010 law * Giant Libra area seen producing up to 12 bln barrels * Auction moved up 1 month to meet president's schedule By Jeb Blount RIO DE JANEIRO, May 23 (Reuters) - Brazil plans to sell the right to explore and develop its largest-ever oil discovery in October, auctioning an offshore petroleum prospect that is ...
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El Salvador recognizes Palestinian state
El Salvador recognizes Palestinian state Palestine-El Salvador, Politics, 8/26/2011 El Salvador Thursday recognized Palestine as an independent and sovereign state, according to Palestinian officials. Palestinian President Mahmoud Abbas thanked the president of El Salvador for the recognition, expressing hope that it will bolster bilateral relations. Foreign Minister Riyad Malki had ...
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Report calls for diversification in Latin American economic ties
/enpproperty--> China should diversify its economic relationship with Latin America and the Caribbean and drop its previous model of relying more on trade, according to a "yellow book" by the Chinese Academy of Social Sciences released on Thursday. Cooperation with the region would not only boost trade but also promote more investment and financial ties, said the Annual ...
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Brazil Raises FGC Bank Deposit Guarantee Coverage to BRL250000
Brazil's National Monetary Council authorized on Thursday an increase of the coverage of the country's FGC bank deposit guarantee fund to provide greater protection to depositors and align the country's policies with deposit guarantee practices abroad, the council said.The move had previously been approved at a board meeting of institutions participating in the FGC fund, which is ...
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Fitch Revisa Calificaciones de Entidades Financieras Estatales de El Salvador
Lack of Stringent U.S. CMBS Underwriting Could Affect REITs Changes in the availability, pricing, and underwriting stringency of U.S. CMBS financing could affect REITs directly and indirectly, according to Fitch Ratings. In addition, a boom-or-bust cycle for CMBS loan performance would negatively affect REITs that regularly access the CMBS ...
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Brazil to open huge oil field to auction
View Photo Aerial view of Ipanema beach in Rio de Janeiro, Brazil, on April 11, 2013. Brazil on Thursday said it will auction concessions to drill and explore an offshore oil field believed to hold up to 12 billion barrels of crude, the country's largest find. Libra, discovered in 2010, is within the vast Santos Basin, located some 180 kilometers off the coast of Rio de ...
Brazil Focus
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Brazil fighting the good fight?
Brazil’s recent victory in a trade dispute with the US, which was resolved through the WTO is a victory, not just for the biggest economy in South America, but also for developing nations around the world, showing that the mechanisms of the WTO can be used to further their interests – although it will take years of fighting and unrelenting effort…
Brazil’s ongoing dispute with the United States over the subsidizing of cotton for producers in the US, looks like it may soon be resolved, as Brazil recently indicated it would hold off on slapping a range of 102 US goods with sanctions, if the US agreed to certain measures put forth by the South American country. Read more
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